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Why won't they just use Bank Transfers? Using Checks or Credit Cards for Payments between companies sounds completely insane and stupid
by hermanzegerman 8mo ago
Why won't they just use Bank Transfers?
Using Checks or Credit Cards for Payments between companies sounds completely insane and stupid
- nradov 8mo agoYes, it is completely insane and stupid. Direct bank-to-bank transfers require significant administrative work to set up, and may still incur bank fees. For individual consumer accounts most people can use Zelle but it's not universally available.
- Synaesthesia 8mo agoFunny how South Africa has a way more sophisticated banking network than the USA.
- hermanzegerman 8mo agoI think nearly every other country has instant and free/low-cost bank transfers, without relying on some Apps. I haven't seen a cheque my entire life, and I'm born in the last century